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Sep 14, 2012 11:00am PDT
fragmts of half-dreamt, half-remembered ancient greece and rome. the poet shelley wrote at the beginning of the 19th century, "we are all greeks. "our laws, our literature, our religion, our arts ll have their roots in greece. "but for greece, we might still have been savages and idolaters." the human form and the human mind attained to a perfection in greece which has impressed its image on those faultless productions whose very fragments are the despair of modern art and which can never cease to delight mankind until the extinction of the race. in the 18th and 19th centuries, europeans surrounded themselves with the images of greece and rome. they created for themselves personal museums which displayed their wealth, taste, and learning and idealized the virtues of reason, liberty, and justice. in this way, they elevated-- and even masked-- their mundane relationships with land ownership and manufacture, trade and empire, and they exported these ideals and the visual language which expressed them all over the world-- to the americas, the indies, and beyond. it is appropriate,
Sep 26, 2012 7:00am EDT
of questions. bbc news reporting. >> workers in greece have walked out in the first general strike since the coalition government was formed in june. tens of thousands have taken to the streets for the first of two planned demonstrations, seen as a test of public tolerance for more hard ships after harsh spending cuts and tax hikes over the last two years. mark lowen is joining me. it's not the first strike in athens. will the latest round have any affect? >> it's not likely, because the government has said it will not budge from but path of spending cuts and more austerity. it is under pressure and from the international community, its creditors. it would not get the next 31 billion euro installment and would face bankruptcy and a possible exit from the euro. that's difficult message to sell to the people, because they are a nation between rage and despair. this country is suffering from record unemployment, 24%. a third of greeks below the poverty line. that is what is fueling the social unrest. it is what is making tens of thousands of people come out onto the streets of central
Sep 26, 2012 4:00pm PDT
security but is not a comprehensive deal as had been hoped. on the streets of greece, there have been violent clashes between police and demonstrators during a day of strikes. the action was called to protect against massive new cuts in government spending. this report from athens. >> it seems today that this city has come to know all too well, petrol bombs, tear gas, protesters fighting on the streets. this time, the police soon regained control. the kind of violence, the peaceful protest of the majority, marching against more cuts to come. >> we are desperate people. >> the ax will fall on pensions and education and retirement age is set to rise for greece to receive its lifeline. >> it has been over two years since greece requested outside help and things are getting worse. they believe the entire strategy is wrong. imagine what might happen when they come into effect. >> one of those taking part is determined to help those suffering. in his spare time, he runs a clinic offering free care to the new poor of greece. everything here is donated. this is the other side of the crisis, s
Sep 18, 2012 11:30am PDT
, while listening to the discourses of tutors often imported from greece. so many villas were built along the bay that the ancient historian strabo observed that they looked like "one continuous city." the presence of villas built by the ruling families attracted romans eager to further their careers through access to the political elite. villa owners brought extraordinary wealth to the region and fostered its rise as an artistic center of exceptional sophistication. artists followed, filling demands for paintings and luxurious decorative arts to adorn the interiors of the villas, and sculpture to ornament courtyards and gardens. materials from the roman dominions flowed into campania's harbors -marble from athenian quarries for statues, reliefs and vases... nubian gold and emeralds from egypt for jewelry. livia, wife of augustus, is carved in egyptian basanite, a stone once reserved for sculptures of deities -- a subtle reference to roman imperial triumph. wealthy residents of the towns beneath vesuvius shared the taste for luxury found in the more affluent villas on the bay. silve
Sep 24, 2012 1:00pm EDT
you. >> greece's credit problems may be getting worse and fast. take a will be at these beautiful homes behind me. what happens when the rich and famous are foreclosed upon when the bank comes calling? no one is immune. details on the several million dollar homes and the homeowners who just can't pay the bills. that's coming up next on "power lunch." look at these streaming charts! they're totally customizable and they let you visualize what might happen next. that's genius! we knew you needed a platform that could really help you elevate your trading. so we built it. chances of making this? it's a lot easier to find out if a trade is potentially profitable. just use our trade & probability calculator and there it is. for all the reasons you trade options - from income to risk management to diversification - you'll have the tools to get it done. strategies. chains. positions. we put 'em all on one screen! could we make placing a trade any easier? mmmm...could we? around here, options are everything. yes mom, i'll place a long call to you tomorrow. i promise. open an account today
FOX Business
Sep 2, 2012 8:00am EDT
of greece and spain. and i think, right now, investors are waiting, hoping the ecb will follow through, but not at all certain. adam: all right. let's talk about the ecb because as our vacation begins for a long holiday the europeans are coming off holiday. already report that is the ecb is being pushed to do more in terms of regulating the thousands of banks in europe. maybe even buying spanish italian debt. what do you see coming down the pike, either from the ecb or the eurozone, that gets us past this continuing crisis that keeps rearing its head every few months? >> well, i think the ecb is likely to announce a fairly well-articulated plan next week for buying sovereigns under certain conditions. and i think that the eyes are on spain. if spain signs up for memorandum of understanding about its program with brussels, and i think it is likely to do so even though there are continues to be political reluctance, then he think will enable the ecb to move behind that and begin a program of buying spanish bonds. this is likely to have a positive spin-off effect on the other sove
Sep 26, 2012 12:00pm EDT
, you got fires. you got smoke. already greece has/ed government pensions and benefits for those workers that are out in the streets. cuts in the european union is demanding in exchange for another loan to stop greece from going into bankruptcy. you can see all those people who are quite frustrated there. i want to bring in michael holmes to talk about those folks, and clearly, it's kind of surprise whenning you think about it, when you see this turned into violence. this is over budget cuts. >> yeah. >> this is not the kind of thing we see here. >> it was a very small group that got violent. i have to say that just to be fair. yeah, half the country was shut down by this, and as you point out, even the tourists got caught in the middle of it. greece is in a position to be offending tourist with their dollars at the moment. the government isn't going to change its mind despite these protests, and the reason for that is because it can't. as you said, if it doesn't get this next round of money, i mean, the country literally goes broke. they won't be able to pay pension oorz deposit
FOX Business
Sep 16, 2012 2:30am EDT
here. it's been nothing but problems for two years. >> the problem with europe started by greece, they lied about their debt, they never had that 3% level you're supposed to have to get in the e.u. so they don't have anything to go back to. and right now angela merkel is trying to bail out her own banks through this huge imf bailout. the same thing that happened to aig. once you stuck money in it, it went to banks. that's what they're doing. back door bailout for banks. you've got to let these countries start dealing with it themselves. there is no hope. i don't believe, in my opinion, for greece and probably a couple other countries. >> sally, the bailouts that we've seen, whether it's companies or countries over the last couple of years, overall global taxpayers are frustrated. i mean, do we need to be still helping out europe to save ourselves? do we put the u.s. taxpayer at risk? >> i agree with john, these are all -- most of the plans here are government trying to help their own banks, including banks in the united states. not worrying enough about what's affecting the peopl
Sep 26, 2012 4:30am PDT
, thank you very much. >>> right now, we take you live to greece. there is a bit of a breakout there with police trying to control crowds. apparently crowd control has gotten out of hand. this is near athens. i don't have the full details. >> it's in the square, heavy security out there, people with helmets. they've got gas masks on and there are lots of things going on. >>> developing news in the south bay overnight. santa jose chef attacked while on break. now, more about what happened. >> reporter: san jose police have another violent crime investigation on their hands. they're still trying to put the pieces together. police were called to the scene in east san jose just after 11:00 last night. police say the first call was for assault and battery that quickly updated to a weapons call. police arrived on south white road in mount vista to find a man with serious injuries on his head. police say he is a chef at the restaurant and was on a break when he got jumped. >> right now, we're trying to determine if he was stabbed, shot or hit with a blunt object. we know he's in very seriou
Sep 1, 2012 4:30am PDT
home with him. the only place he ever felt at home was with his wolf pack. >> greece has had to implement some painful austerity measures over the past few years in return for financial aid from international lenders. pensioners have seen their monthly benefits/three times since 2010, and the public sector has faced massive cuts as well -- pensioners have seen the monthly benefits cut three times since 2010. the country faces more cutbacks. already, billions of euros have been cut in health-care spending, and funding shortages at greece's state hospitals mean the economic crisis has literally become a matter of life and death for some. >> greek health-care professionals who volunteer with doctors of the world are normally on missions abroad in africa, but for months, these doctors have been working in a clinic 12 kilometers from athens. stephanos is diabetic here the clinic provides the care he needs to manage his condition. the 56-year-old has nowhere else to turn. >> without doctors of the world, i would already be dead. >> medications for chronically ill patients come from do
Sep 17, 2012 4:00am PDT
buying up the short-term notes of basically the pigs, greece- > > that's a key point, though: they're buying the short-term notes. > > it's the short-term notes, which really has been the problem for these countries, is how do they get the short-term financing to continue their governments? they are looking at it, and basically this is a short-term fix on a long-term problem. the structural problems in the eurozone will continue to exist. in fact, right now greece is asking whether or not they should renegotiate the austerity measures that they agreed to just recently. > > we don't even know what spain is going to do. they're still on the sidelines, even with the rates down, whenever it is, 5.5%. > > exactly. spain is not sure what they're going to do. in fact, we've heard some recent rumblings out of ireland that if greece gets to renegotiate, they wish to renegotiate. so the effect of this will be interesting in the long-term. > > it is interesting simply because it does make sense. if i am bound by what i think is a draconian agreement, vis-a-vis ireland, and i see greece
Sep 10, 2012 4:00am PDT
during the eurozone debt crisis. exports and output were both up. meanwhile, over in greece, meetings continue today regarding the status of the next round of greece's bailout money. european officials met in athens over the weekend to review the country's progress in cutting government spending and so far say greece will remain a member of the eurozone. but, the country must step up its financial reforms to enable greece to receive a $31 billion euro bailout. a review of greece's progress will be given to eurozone finance ministers on october 8th. unleash the cement mixers! china will be building more than 1200 miles of roads. there will also be subway expansions in 18 cities, new rail lines, and several major port improvements among other giant civil engineering projects. like the rest of the world, china has seen growth contract and it's doing this infrastructure investment to stimulate growth. it sure attracted investors. the day after the announcement of the 20% increase in spending, the shanghai composite index closed nearly 4% higher. china's largest cement maker was up by the
Sep 26, 2012 2:30pm PDT
assembly. >> a general strike against another round of spending cuts in greece. >> and fury on the field as defending champions are challenged by rising stars, frankfurt. day two of the united nations general assembly in new york sought out going iranian president mahmoud ahmadinejad take the podium for the eighth and final time -- saw outgoing iranian president mahmoud ahmadinejad. >> he defended his country's right to civilian nuclear research. his speech came a day after president obama told the general assembly that washington would do whatever is necessary to prevent iran from getting nuclear arms. >> ahmadinejad used his final appearance on the united nations stage to criticize israel once again. >> continued threats by the uncivilized zionists to resort to military action are a bitter reality in my great country. >> western nations, which accused iran of developing nuclear weapons, usually walk out during his speeches, but the seats filled up with this man took the stage -- the egyptian president addressed the assembly on the need for international negotiations rather than m
Sep 8, 2012 1:45pm EDT
the will eventually end up like greece? >> well, look, if i could just answer that. i'm an optimist on america. i believe in america. i'd buy it if, you know, if america was a publicly-traded company, i'd buy the stock every day. this country and this economy is tremendously resilient, and one of the great things, i think, about our book is it's got ideas that, you know, require ideas in washington. it's also got ideas that require action on the state level, an individual level and on a business and corporate level. so, you know, what are the odds? i would, you know, i'm an optimist. i would say we will, we will get back to -- [inaudible] >> [inaudible] >> the oecd, which is an organization that studies large developed nations, just did a big study to identify how big the policy challenges facing the nations around the world. and they estimated something called the fiscal adjustment, and the fiscal adjustment for greece that they need, which is either the immediate tax increase or the immediate reduction in spending necessary to make it so that their economy doesn't just explode is abo
Sep 26, 2012 3:00pm EDT
spain and greece protesting cuts to retirement and paychecks as they the chaos flares there, find out what lessons we the united states could learn from this. a . but today...( sfx: loud noise of large metal object hitting the ground) things have been a little strange. (sfx: sound of piano smashing) roadrunner: meep meep. meep meep? (sfx: loud thud sound) what a strange place. geico®. fifteen minutes could save you fifteen percent or more on car insurance. his morning starts with arthritis pain. and two pills. afternoon's overhaul starts with more pain. more pills. triple checking hydraulics. the evening brings more pain. so, back to more pills. almost done, when... hang on. stan's doctor recommended aleve. it can keep pain away all day with fewer pills than tylenol. this is rudy. who switched to aleve. and two pills for a day free of pain. ♪ [ female announcer ] and try aleve for relief from tough headaches. and the candidate's speech is in pieces all over the district. the writer's desktop and the coordinator's phone are working on a joke with local color. the secure cloud just r
FOX Business
Sep 26, 2012 11:00am EDT
and protests happening over there, we can take a look at pictures coming out of greece today, more money flooding into our markets right here. joining us now is kevin flanagan chief fixed income strategist at morgan stanley wealth management. kevin of course i'm talking about u.s. treasuries, one of the safest assets you can find around the globe. do you think a rally in treasuries will continue and how low will the yield go on the ten year? >> i think what you are seeing is the afterglow from the fed's qe 3, ecb. that safety trade comes back in which is why we were close to 1.90 after qe 3, now close to 160. -- now close to 1.60. >> by the end of the year, where do you expect the yield to be on the ten year? >> some key uncertainties will go by the boards. the election, you may be getting a better handle on the fiscal cliff. i wouldn't be surprised if we make this one last move down, and you look at a ten year that's closer to 2%, than 1%. dagen: in terms of the markets and i mean the fixed income market, the treasury market, does it matter to investors who wins come november beca
Sep 26, 2012 4:00am EDT
part of the federal country. >>> meanwhile, a day after, greece's new government is facing its first general strike. june- julia is in athens in the square where those protests are happening. what is going to happen today? >> reporter: well, this has been organized by the two largest unions, the private and the public sector. in terms of people, we're talking one and a half million workers involved. if you look at the poll readings lately, 90% of respondents in some cases saying that they are unhappy with the current government and the cuts. it tends to suggest the turnout today could be pretty high. what we've seen so far this morning, armored police trucks arriving. what we've seen in the last ten minutes is military police and policemen moving in front of the parliament building. protesters starting to arrive in the square, expecting them to arrive the next half an hour in full. so we'll certainly keep you updated as the people begin to arrive. we'll also become bringing you economic analysis of the situation in greece. so plenty to come from here in athens. for now, back to
Sep 26, 2012 6:30pm PDT
, the general strike in greece -- the first one since the new government took power this summer, has brought much of greece to a standstill this wednesday. >> a diverse range of workers are taking part, from doctors to air traffic controllers. banks, schools, and shops are all closed, and public transportation has been shut down. a 24-hour walkout is to protest the latest round of spending cuts of more than 11 billion euros. 3000 police have been deployed to central athens. >> the main square of athens was a battleground again. a group of young demonstrators set garbage alight and threw molotov cocktails at police. officers hit back, dispersing the crowd. demonstrators fled. the protests started peacefully with tens of thousands of people showing up. the unions who organized the all greek workers. millions live in athens, but on wednesday morning, the streets were quiet. shopkeepers pulled down their shutters. railway workers walked off the job. the top national earner, the shipping industry, stood still. unionists had spent days had prepared for the rally, complaining that a steer t
Sep 22, 2012 8:15pm EDT
rest of europe particularly the southern areas, spain, portugal, greece, ireland, hungary and others are in terrible shape. serious, terrible shape and because some folks don't pay attention to the numbers, here's a chance for us to statistically help you. students of mine are professors who came to the united states who came to the universities where he taught and they are now professors at the university of athens a major university in greece. their salaries today as we speak are 40% less than what they were in may of 2010. just try to imagine yourself in a job that should captain which literally the money you get every week is 40% less, and that's true for all public employees in greece, police persons, fire persons, schoolteachers, social workers, you name it. these are societies that are in a major crash. people are leaving greece in a way they have not seen for 75 years. young people. there is no work. there's no future. is resuming in ireland which had a real bloom for the wild and the irish with a long history of this time of immigration are resuming it and likewise in other
Sep 11, 2012 2:30pm PDT
by mario draghi at the bank's headquarters. greece's trying to persuade foreign lenders to release the latest installment of financial aid to help avoid bankruptcy. in return, athens will have to implement harsh austerity measures that are highly unpopular at home. bailout packages are figuring prominently in the dutch election. >> it takes place on wednesday. we'll have more on that in this half hour. >> in turkey, a suicide bomber has wounded at least seven people. >> it is thought to be from a leftist group which has published its involvement on a website. police are looking into possible involvement related to the unrest in syria. >> the suicide bomber killed eight turkish police officer in front of this police station. a militant leftist group called the people's liberation front claimed responsibility. according to witnesses, a man in his 20s first through a hand grenade and then blew himself up at the building's entrance. >> we were having breakfast when we heard the explosion. we heard the blast and thought it was from one of the nearby curries'. that -- if one of the nearb
Sep 10, 2012 6:30pm PDT
-strike two for -- >> first strike two for greece. >> a senior greek official says inspectors have also rejected public-sector costs, demanding a bolder plan -- public-sector cuts, demanding a bolder plan. this in a country where workers cannot be fired by the cost -- where, by the constitution, workers cannot be fired. >> the greek government hopes that proposals are enough to convince its international creditors that the country is doing enough to sort out its problems. >> we submitted our proposal for the 11.5 billion euros to the troika. the measures are being assessed. it is a difficult discussion because the measures are difficult. we are trying to convince than that our program is the correct one. -- condense them that our program is the correct one. -- convince them that our program is that correct one. >> the greek government wants more employees sacked from the public sector. until agreement is reached, we will not get the money they need to keep from going bankrupt. >> now to our man in athens. can the government deliver the goods on the troika's demands? >> as you menti
Sep 19, 2012 4:00am PDT
. things are far from being resolved there, and the worry is that, with so much unsettled with greece, spain and how much germany can be stretched, the current woes will spin out of control. morgan stanley's chief economist in london describes it this way: we are in a global economic twilight zone. quantitative easing has driven stocks up & up, but economies around the world are losing their fire and still teeter on another recession. let's talk today with our trader, john brady, he's with rj o'brien. john, let me ask you about the gold sell-off. are you worried about that at all? > > the gold sell-off has been very very modest, so we're not actually worried about it. technically, from the longer- term perspective, fundamentally and technically, gold probably has a little bit of upside. in fact, last year's high of $1,830 an ounce, the yellow shiny metal has been below that level ever since august of last year. however, if gold peaks above $1,800 an ounce, we expect to see a new round of buying come in, as once again fiat currencies globally are called into question. > > what are the
Sep 10, 2012 7:00am EDT
about france, but now greece of course, huge problems there. gone with the kind of scorecard. >> exactly, and they're going to be meeting the greek prime minister today and they've got a lot to talk about. i think we should remind everybody, these international lenders keeping everybody afloat are back on the ground to put the final stages of this report card together. this is a report card that will determine whether greece gets its next $40 billion worth of chunk of bailout money. to do that, they're saying yeah, we'll give you another chunk but you have to make further savings of $17 billion. here's the problem though, because the coalition government are fighting they can't agree on where and what to cut next. the other problem is, and as the democratic left tell us, i quote again on this one, they say the greeks have reached their limits on their endurance on us a teri measures. we heard this last week, the awfully sad human stories taking place with what's going on in greece, where some parents are having to foster out their children because they can't afford to feed th
Sep 19, 2012 3:00pm PDT
from greece. so many villas were built along the bay that the ancient historian strabo observed that they looked like "one continuous city." the presence of villas built by the ruling families attracted romans eager to further their careers through access to the political elite. villa owners brought extraordinary wealth to the region and fostered its rise as an artistic center of exceptional sophistication. artists followed, filling demands for paintings and luxurious decorative arts to adorn the interiors of the villas, and sculpture to ornament courtyards and gardens. materials from the roman dominions flowed into campania's harbors -marble from athenian quarries for statues, reliefs and vases... nubian gold and emeralds from egypt for jewelry. livia, wife of augustus, is carved in egyptian basanite, a stone once reserved for sculptures of deities -- a subtle reference to roman imperial triumph. wealthy residents of the towns beneath vesuvius shared the taste for luxury found in the more affluent villas on the bay. silver mirrors... and cups... bronze statuettes ... and glassware f
Sep 26, 2012 6:00am EDT
is due tomorrow. >>> in greece today, a 24-hour nationwide strike is kicking off. europe is not the only region in the world that's dealing with tension. in japan, japanese auto makers are cutting back production that they have for their plants in china. this decision is coming in the wake of the anti-japan protests. they close dealerships. anti-japanese sentiment in china escalated earlier this month after japan said that it would buy a group of disputed islands in the east china sea. protests across china, angry demonstrators vandalize properties of japanese companies. in the next hour, we'll be joined onset by two squawk masters who are ready to talk about all this chaos. neel kashkari and larry lindsey. let's get to the morning's other top stories. joe, i'll send it back to you. >> germany and its two closest allies in the eurozone appear to be stepping back from a key agreement over a bank bailout. german, dutch, and finnish finance ministers met in helsinki yesterday, and in a statement they said a plan to move bad bank assets off the books of struggling eurozone governments w
Sep 26, 2012 11:00pm EDT
confronting rising interest rates that led to greece, ireland, and portugal to seek bailouts. his ability to turn calamity into opportunity has revived his nickname "super mario." i have pleased to have him here at this table for the first time. welcome. >> delighted to be here. >> rose: i see that you have said that you're not going to run for prime minister? >> no, i can confirm that i will not be a candidate. i believe i couldn't even be a candidate because, as you mentioned, i am senator for life. so candidates are candidates inn order to become members of parliament. >> rose: and you're senator for life. >> yes. >> rose: do you want to stay as prime minister? >> of course i will not. i will-- the whole government will have to resign when the elections take place, probably next-- after that, it will be for the political parties, depending on the outcome of the election, to express their wishes as to the new political configuration of italy. >> rose: in the end, because you are not a politician was good for the emergency that italy faced? >> i-- i mean, obviously, i cannot judg
FOX News
Sep 27, 2012 11:00pm PDT
greece. we haven't covered this on "the five" yet. these are recent riots. they're rioting because they're cutting benefits over austerity measures because greece is broke. unemployment is 25% in both greece and spain. the under gem employment is double digits too, by the way. anytime anybody laughs and says it doesn't matter, it's not serious. if president obama continues to hand out check, try and take him away eventually like paul ryan to get us back on path to fiscal sanity, that is what can happen here. >> bob: do you have relatives left in greece? >> andrea: i have a whole family in greece. it spent so much time there. it's very, very serious. i have a lot of friends in athens. none of them can find work. they're all leaving. my family is suffering. it's a serious problem. people who haven't been to greece don't know. >> bob: feel bad enough. >> andrea: sorry, bob. >> greg: my banned word -- "game-changer." >> kimberly: oh, no! >> greg: when anybody says it's a game-changer, it's never a game-changer. >> bob: you did that once. >> greg: no, i didn't. >> bob: in my memory. >>
Sep 4, 2012 1:00pm EDT
moving. >>> coming up, islands and castles for sale, how greece and italy hope to raise money, how much these things really cost. >>> the metal market is about to close shop for the day and we will hit the floor at nymex after we come back. at usaa, we believe honor is not exclusive to the military, and commitment is not limited to one's military oath. the same set of values that drive our nation's military are the ones we used to build usaa bank. with our award winning apps that allow you to transfer funds, pay bills or manage your finances anywhere, anytime. so that wherever your duty takes you, usaa bank goes with you. visit us online to learn what makes our bank so different. a passionate belief, and the foundation on which merrill lynch has been built. today, our financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. >>> gold is riding high into the close, a bi
Search Results 0 to 49 of about 738 (some duplicates have been removed)